article thumbnail

New Jersey Approves Additional EV Road Use Taxes

The Truth About Cars

As more electric vehicles hit the roads, states are grappling with the change in tax revenues they’re seeing as a result. EV buyers don’t pay gas taxes, slashing millions out of state highway budgets and making it hard to afford planned improvements. & [Image: Natalia Bratslavsky via Shutterstock] Become a& TTAC& insider.

article thumbnail

Malaysia wants EVs to be tax-free, duty-free to encourage consumers to buy

Teslarati

Malaysian government officials are petitioning and working toward making electric vehicles exempt from taxes, including import and excise duties, as well as road taxes. According to Paultan , a Malaysian automotive news site, supporting politicians are proposing a 100% exemption from the road tax for EVs.

Malaysia 145
article thumbnail

Is A Tax On Electricity (kWh) Consumed The Best Way to Supplement the Fuel Tax for Electric Vehicles?

EV Adoption

As sales of electric vehicles begin to reach significant numbers across the US, states are exploring approaches to replace lost tax revenue since EV drivers don’t pay fuel taxes as drivers of gas-powered cars do at gas stations. Unfortunately there is currently no simple and agreed upon best replacement for the fuel tax.

article thumbnail

Tesla India deal reignites with billions worth of investment on the table

Teslarati

In addition, Tesla has plans to buy $15 billion worth of auto parts from India. Tesla is also mulling over the idea of producing batteries in India to reduce costs. India’s steep import taxes on foreign vehicles have always been an obstacle to Tesla establishing roots in the country.

India 129
article thumbnail

Elon Musk complains about his smaller stake in Tesla after wasting it on buying Twitter

Baua Electric

The statement is particularly bizarre when you consider the fact that he himself recently sold tens of billions of dollars worth of Tesla stock to buy a grossly overpriced Twitter. The CEO framed the idea as pressure from the media and politicians about the rich not paying taxes on unrealized gains. You are welcome.

Waste 52
article thumbnail

Ford Mustang Mach-E captures KBB’s EV Best Buy of 2022

Teslarati

Ford has captured a tremendous accolade with the Mustang Mach-E after Kelley Blue Book announced that the all-electric crossover is the Electric Vehicle Best Buy for 2022. The Ford EV SUV is eligible for the maximum $7,500 federal EV tax credit, plus any other state and local incentives in your area.

Ford 103
article thumbnail

Things to know before buying an electric vehicle

Electric Vehicles India

Things to know before buying an electric vehicle. If you are someone who is planning to buy an electric vehicle, then this article is exactly for you and before you a new electric vehicle you must go through with this top and helping tips or guides. Read further to know more about things to know before buying an electric vehicle. .

Buy 59